April’s global steel production fallen 13 percent y/y
Globally, steel was produced in April in 13 percent less than in the same month last year. Due to the corona pandemic, large parts of the industry are…
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Canary Wharf will go back to business soon
Detailed plans have been made in London to bring bankers, accountants and lawyers back to work in the business district of Canary Wharf. Once the number of infections…
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In IT, Innovation and Startups
Vodafone Group enjoys higher turnouts, faces uncertainty in 2020
British telecom group Vodafone Group delivered higher results in the past broken financial year, helped by the acquisition of the German cable group Unitymedia. Sales rose by 3…
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European stock exchanges gone red
European stock exchanges returned previous gains on Monday and slumped into the red. Investors continued to focus on further easing corona measures. As of Monday, many European countries…
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ArcellorMittal downgraded to junk
Moody’s has downgraded the credit rating for steel giant ArcelorMittal, which is listed in Amsterdam. The group now has so-called junk status now, with a stable outlook. According…
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In IT, Innovation and Startups
UK starts testing of tracking app for COVID patients
UK is starting to test a tracking app to map contacts of corona patients. It is an app that registers who comes into contact with whom on the…
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As parasite overgrows the host: Daniyar Abulgazin no longer happy about his role in Kulibayev’s affairs
Daniyar Abulgazin’s role in Timur Kulibayev’s business changed in time. From purely technical in the beginning it changed to parasitic some years later. Initially, Timur was quite independent.…
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British American Tobacco benefited from quarantine
British American Tobacco (BAT) finds it difficult to estimate the impact of the corona crisis. For the time being, the company is sticking to the previously issued forecast…
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British Petroleum withdraws from Alaska
British Petroleum has adjusted the financial terms of its billions deal with industry colleague Hilcorp about withdrawing from Alaska. This was necessary because of the sharp fall in…
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Bayer will consider Roundup complaints only if they are “financially reasonable”
Due to the economic risks of the corona crisis, the German chemical group Bayer is taking stronger action against the growing number of complaints in the United States…
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